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TDB pauses accepting applications under RDI fund amid capital constraints
The brief
- TDB paused new RDI fund applications as deep-tech project demand outpaced available capital
- An additional ₹1,000 crore allocation had not prevented the funding call from closing
- The pause may constrain funding for Indian deep-tech startups
India’s deep-tech investment fund
India was readying $25 billion for deep-tech startups. The government’s Rs 1 lakh crore deep-tech fund has hit a pause, with TDB halting fresh applications.
Wednesday, 30 September
- TDB pauses accepting applications under RDI fund amid capital constraints